Markobenz Ventures Limited (formerly known as Newtrac Foods & Beverages Limited) has announced a crucial board meeting scheduled for September 26, 2025. The meeting agenda includes deliberations on a potential fund-raising initiative through the issuance of new securities.

Key Points of the Upcoming Board Meeting

Fund Raising Proposal

The board will consider and approve a proposal for raising funds through the issuance of new securities, in accordance with applicable laws and regulations.

Fund Raising Committee

A proposal to form a dedicated fund-raising committee will be discussed and potentially approved.

Appointment of Advisors

The board will consider appointing various intermediaries, consultants, and advisors necessary for the fund-raising process.

Additional Authorizations

Directors or Key Managerial Personnel (KMP) may be authorized to open bank accounts if required for the fund-raising initiative.

Trading Window Closure

In compliance with the Securities and Exchange Board of India (SEBI) regulations, Markobenz Ventures has announced the closure of its trading window for insiders. This closure is effective immediately and will remain in place until 48 hours after the conclusion of the board meeting.

Company Details

Markobenz Ventures Limited, operating under the CIN L46692MH1985PLC037652, is headquartered at G2 & G3 Samarpan Complex, Next to Mirador Hotel, Chakala, Andheri East, Mumbai 400069. The company's management, led by Managing Director Mr. Bhavin Yogesh Shukla (DIN: 10718852), has taken this step to explore potential avenues for corporate growth and development.

Investors and stakeholders are advised to monitor official communications from the company for updates following the board meeting on September 26, 2025.

Markobenz Ventures Limited, now known as Newtrac Foods & Beverages Limited, has announced significant changes in its leadership and released its financial results for the first quarter ended June 30, 2025.

CEO Removal

The company's Board of Directors has made the decision to remove Mr. Vishal Kelkar from his position as Chief Executive Officer (CEO) with immediate effect. This move comes as a result of the non-fulfillment of project terms and conditions related to the Holkar Project, which Mr. Kelkar was specifically appointed to oversee. The project has not progressed as anticipated, leading to the termination of his appointment.

Q1 Financial Performance

Newtrac Foods & Beverages has reported its unaudited financial results for the quarter ended June 30, 2025, revealing a mixed financial picture:

The company experienced a decline in its financial performance compared to the same quarter last year:

• Revenue from operations decreased by 11.25% to ₹1,337.24 lacs from ₹1,506.68 lacs in Q1 2024.
• Total income, including other income of ₹27.31 lacs, stood at ₹1,364.55 lacs, down 9.43% year-over-year.
• Net profit saw a significant drop of 60.98%, falling to ₹23.57 lacs from ₹60.40 lacs in the corresponding quarter of the previous year.
• Basic earnings per share (EPS) decreased to ₹0.12 from ₹0.31, reflecting the reduced profitability.

Other Financial Highlights

• The company's paid-up equity share capital remains unchanged at ₹1,920.00 lacs, with a face value of ₹10 per share.
• Purchases of stock-in-trade amounted to ₹1,313.09 lacs, compared to ₹1,423.04 lacs in Q1 2024.
• Other expenses decreased to ₹15.14 lacs from ₹22.69 lacs in the same quarter last year.

Board Meeting and Auditor's Review

The Board of Directors approved these unaudited financial results in a meeting held on July 28, 2025. The meeting commenced at 6:00 PM and concluded at 7:00 PM.

NKSC & Co., Chartered Accountants, conducted a limited review of the financial results. The auditors noted no qualifications in their report but highlighted two matters of emphasis:

1. The company has not obtained a Tax Deduction and Collection Account Number (TAN).
2. A Company Secretary has not been appointed as of the date of approval of the financial statements.

The auditors stated that these matters do not modify their opinion on the financial results.

As Newtrac Foods & Beverages Limited navigates through these changes in leadership and financial performance, stakeholders will be watching closely to see how the company addresses the challenges in its project execution and aims to improve its financial metrics in the coming quarters.